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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sciquest, Inc. (MM) | NASDAQ:SQI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.745 | 17.74 | 17.76 | 0 | 01:00:00 |
From May 2019 to May 2024
SAN DIEGO, May 31, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of SciQuest, Inc. (NASDAQ: SQI) breached their fiduciary duties in connection with the proposed sale of the Company to Accel-KKR.
Additional Information:
SciQuest provides cloud-based business automation solutions for spend management.
On May 31, 2016, SciQuest announced it had signed a definitive merger agreement with Accel-KKR. Under the terms of the agreement SciQuest shareholders will receive $17.75 per share in cash for each share of SciQuest common stock.
The investigation concerns whether the SciQuest board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for SciQuest shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration.
If you are a shareholder of SciQuest and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
Logo - http://photos.prnewswire.com/prnh/20160211/332409LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sciquest-sqi-alert-johnson--weaver-llp-launches-an-investigation-into-the-fairness-of-price-and-process-in-proposed-sale-of-sciquest-inc-are-shareholders-getting-a-fair-price-300277375.html
SOURCE Johnson & Weaver, LLP
Copyright 2016 PR Newswire
1 Year Sciquest, Inc. (MM) Chart |
1 Month Sciquest, Inc. (MM) Chart |
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